general incorporated foundation
A type of nonprofit legal entity in Japan, established under the Act on General Incorporated Associations and General Incorporated Foundations. It is a foundation with a board of directors and auditors, and its purpose is to manage assets for public benefit.
A general incorporated foundation is one form of foundation established for the public good.
He established a general incorporated foundation to support local cultural activities.
Compound of 一般 (general), 財団 (foundation), and 法人 (legal entity). The term was introduced in 2008 with the reform of Japan's legal system for public interest corporations.